Instructions Ray Solutions decided to make the following changes in its accounti

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Instructions
Ray Solutions decided to make the following changes in its accounting policies on January 1, 2016:
a.
Changed from the cash to the accrual basis of accounting for recognizing revenue on its service contracts.
b.
Adopted straight-line depreciation for all future equipment purchases, but continued to use accelerated depreciation for all equipment acquired before 2016.
c.
Changed from the LIFO inventory method to the FIFO inventory method.
Required:
For each accounting change Ray undertook, indicate the type of change and how Ray should report the change. Be specific.
Writing Assignment
The writing assignment will demonstrate writing across the curriculum responding to the topic selected in a 500-700 words paper. Please name your assignment file as ‘lastnamefirstinitial-ACCT303_WK8″, and submit by Wednesday at 11:59 pm ET.
Turnitin
Turnitin is an excellent resource to check the content and quality of writing assignments and to avoid plagiarism. An Originality Report will be generated upon paper submission. The Originality Report does not actually recommend changes. It does point out where you may need to add a citation or quotation marks (if not already cited). Once you use it a few times, you will appreciate this tool, as it will assist you in improving quality and content, as well as avoid plagiarism. Your goal is to keep direct quotations to a minimum and to make sure that you do not just cut and paste material. Ensure that all your references are cited. A report less than 25% is acceptable for undergraduate level work.
Your assignment will be evaluated according to the following Writing Assignment Grading Criteria:
Guidelines
Writing Assignment Grading Criteria
Content (60%)
· Response demonstrates a clear understanding of the key elements of assignment questions.
· Responses thoroughly cover the elements in a substantive manner.
· Response demonstrates critical thinking and analysis.
· Content is complete and accurate.
· Introduction and conclusion provides adequate information on the given topic.
Organization (20%)
· Paper structure is clear and easy to follow.
· Ideas flow in a logical sequence.
· Introduction provides a sound introduction to the topic and previews major points.
· Paragraph transitions are logical and support the flow of thought throughout the paper.
· The conclusion thoroughly reviews the major points.
Writing Style, Grammar, APA Format (20%)
· Sentences are well constructed, complete, clear, and concise.
· Words used are specific and unambiguous.
· The tone is appropriate to the content and assignment.
· Grammar, spelling and punctuation are correct.
· APA guidelines (6th edition) are followed, such as headers, citations, references, etc.
· Effective use of aids, such as sections, summaries, table of contents, indices, and appendices (if appropriate)

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